Rio Tinto, an industrial metals and minerals corporation, has a trend of rising approx 14-15 days before it’s earnings release which is currently scheduled for 8 Aug. Today, I purchased 4 Aug 45 calls at $1.79. My loss limit is $1.40 and exit point is $2.80.
Here’s a look at my potential profit:
| # Shares or Contracts | Purch Price | Capital Out | Sell Price | Capital In | Comm & Fees | Gain / Loss |
% Gain & Loss |
| 4 | 1.79 | 716.00 | 2.80 | 1120.00 | 10.00 | 394.00 | 55.0% |
My charts for this trade:
Advertisements
